• News
  • Sport
  • TV
  • Radio
  • Education
  • TV Licences
  • Contact Us
  • SOUTH AFRICA
  • POLITICS
  • BUSINESS
  • SPORT
  • AFRICA
  • WORLD
  • FEATURES
  • OPINION
No Result
View All Result
1
Home Africa

Sub-Saharan Africa’s economy to shrink 3.3% in 2020 due to COVID-19: World Bank

9 October 2020, 3:11 PM  |
SABC SABC |  @SABCNews
The World Bank’s Africa’s Pulse report said the pandemic will cost the region up to $79 billion in output losses this year

The World Bank’s Africa’s Pulse report said the pandemic will cost the region up to $79 billion in output losses this year

Image: Reuters

The World Bank’s Africa’s Pulse report said the pandemic will cost the region up to $79 billion in output losses this year

The COVID-19 economic fallout will push Sub-Saharan Africa into its first recession in 25 years.

This is according to the World Bank’s Africa’s Pulse report, giving details of the impact of the pandemic on the region.

It predicts Sub-Saharan Africa’s economy will contract by 3.3 percent this year, threatening to push 40 million people into extreme poverty.

World Bank Chief Economist for Africa, Albert Zeufack shares more:

Share article
Previous Post

Cut from the same cloth, Nigerian waste fabric becomes art

Next Post

Some in Europe doubt whether US election will be ‘free and fair’

Related Posts

Protestor holds tear gas cannister fired by police in Kenya

Kenyan police fire tear gas to disperse cost-of-living protests

20 March 2023, 11:13 AM
Branches of trees sway as cyclone Freddy hits, in Quelimane, Zambezia, Mozambique.

Cyclone Freddy teaches deadly lessons on storm warnings, city sprawl

20 March 2023, 8:45 AM
Lagos state gubernatorial candidate of the ruling All Progressives Congress (APC) Babajide Sanwo-Olu, arrives his polling unit to cast his vote, during the gubernatorial election in Lagos, Nigeria March 18, 2023.

Lagos governor re-elected in victory for Nigeria ruling party

19 March 2023, 8:09 PM
British Home Secretary Suella Braverman walks at Downing Street in London, Britain March 15, 2023.

UK interior minister visits Rwanda to expand deportation plan

19 March 2023, 4:08 PM
South Africa’s Minister of International Relations and Co-operation, Naledi Pandor addressing  a news conference.

Emergency Operations Centre for SADC needed urgently: Pandor

19 March 2023, 7:30 AM
A man carrying electoral material of the Independent National Electoral Commission (INEC)

Nigeria counts votes in elections to choose new state governors

18 March 2023, 9:04 PM
Next Post
U.S. President Donald Trump and Democratic presidential candidate, former Vice President Joe Biden participate in the first presidential debate at Case Western University and Cleveland Clinic, in Cleveland, Ohio, U.S., September 29, 2020. Picture taken September 29, 2020.

Some in Europe doubt whether US election will be 'free and fair'

Most Viewed

  • 24hrs
  • Week
  • Month
  • SABC News crew attacked on N2 while monitoring protests
  • BREAKING | EFF members arrested after clashes with police in Braamfontein Sunday night
  • WARNING | Graphic details: Mabopane businessman killed in a hail of bullets
  • EFF slams govt for heavy army deployment ahead of planned shutdown
  • UPDATE | PRASA guards down tools in Cape Town
  • Corporates prepare for a possible national blackout
  • Wits SRC sued
  • E-tolls permanently scrapped: Lesufi
  • Wits SRC president suspended
  • SABC News crew attacked on N2 while monitoring protests
  • SABC News crew attacked on N2 while monitoring protests
  • BREAKING | EFF members arrested after clashes with police in Braamfontein Sunday night
  • EFF slams govt for heavy army deployment ahead of planned shutdown
  • Our planned shutdown march will be peaceful: Saftu
  • ROLLING COVERAGE | National Shutdown

LATEST

EFF leader, Julius Malema, speaking to supporters in Pretoria.
  • National shutdown
  • Politics

EFF to launch legal action against KZN Police Commissioner


EFF leader Julius Malema addresses the masses gathered at Church Square, Pretoria, March 20, 2023.
  • National shutdown
  • South Africa

Police presence heightened at Church Square


EFF leader Julius Malema addresses the masses gathered at Church Square, Pretoria, March 20, 2023
  • National shutdown
  • South Africa

Malema praises national shutdown protesters


EFF leader Julius Malema addresses the masses gathered at Church Square, Pretoria, March 20, 2023
  • National shutdown
  • South Africa

GALLERY | EFF leader Julius Malema addresses crowd at Church Square, Pretoria


Former President Jacob Zuma sits in the Pietermaritzburg High Court for a hearing.
  • Politics

NPA’s Andrew Breitenbach admits to leaking Zuma medical records to Maughan


Law enforcement officers in Cape Town.
  • National shutdown
  • South Africa

Protesters tear-gassed by police in Cape Town


Weather

  • About the SABC
  • Contact Us
  • Jobs
  • Advertise
  • Disclaimer
  • Site Map

SABC © 2023

No Result
View All Result
  • SOUTH AFRICA
  • POLITICS
  • BUSINESS
  • SPORT
  • AFRICA
  • WORLD
  • FEATURES
  • OPINION

© 2023

Previous Cut from the same cloth, Nigerian waste fabric becomes art
Next Some in Europe doubt whether US election will be ‘free and fair’